- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The 50-year mortgage is a good idea actually
Posted on 11/10/25 at 9:04 pm to FLTech
Posted on 11/10/25 at 9:04 pm to FLTech
quote:
I am hearing mixed things. It appears that people with TDS think it's the worst thing ever but people who don't have TDS but don't really care think it's brilliant
Has nothing to do with TDS
You're mentally retarded
4
Posted on 11/10/25 at 9:06 pm to Powerman
You cant provide a coherent answer why its a bad idea and you have TDS
Posted on 11/10/25 at 9:06 pm to Powerman
Really? Then why is it that people on MSNBC and CNN think it's horrible and people on CNBC and Bloomberg TV think it's a great idea? Can you explain that to me please? YOU CAN'T.
This post was edited on 11/10/25 at 9:07 pm
Posted on 11/10/25 at 9:06 pm to Powerman
Right
Every smart person on the site thinks it’s a nightmare idea and every booger eating bootlicker is singing its praises
Would tell me all I need to know if I knew nothing else
Every smart person on the site thinks it’s a nightmare idea and every booger eating bootlicker is singing its praises
Would tell me all I need to know if I knew nothing else
Posted on 11/10/25 at 9:07 pm to cbree88
It's probably better than perpetual renting if you think you are in your permanent spot, but I'd only do it if I absolutely couldn't afford a 30 yr, and I'd refinance it into a shorter term as soon as possible.
Posted on 11/10/25 at 9:08 pm to Powerman
Just some quick numbers.
$250k 50 year mortgage at 6%
$1316/month principal and interest
$200/month property tax
$200/month homeowners insurance
$150/month pmi
You are staring down a $1900/month payment for 50 years for a $250000 house. All that for $2,600 in equity over three years $4,500 over 5 years. Neither of which cover the closing cost that were rolled into your loan.
Truth being most first time home buyers move within their first 5 years of their first home (maybe not so much now). So now you are selling with likely zero equity and likely more money spent on maintenance.
If you end up staying in the house and paying over the life of the loan you end up paying $789,000 for a $250,000 house. Because we know someone that is getting a 50 year mortgage is not going to make additional payments.
$250k 50 year mortgage at 6%
$1316/month principal and interest
$200/month property tax
$200/month homeowners insurance
$150/month pmi
You are staring down a $1900/month payment for 50 years for a $250000 house. All that for $2,600 in equity over three years $4,500 over 5 years. Neither of which cover the closing cost that were rolled into your loan.
Truth being most first time home buyers move within their first 5 years of their first home (maybe not so much now). So now you are selling with likely zero equity and likely more money spent on maintenance.
If you end up staying in the house and paying over the life of the loan you end up paying $789,000 for a $250,000 house. Because we know someone that is getting a 50 year mortgage is not going to make additional payments.
Posted on 11/10/25 at 9:09 pm to Dawgfanman
quote:
If I invested the 20% down in an index fund?
Let’s say I put 60k (20% down on a 300k house) in an index fund (and don’t touch it for 50 years. I’d have 7 million dollars at the annual S&P average of 10%.
If I instead invest it in a home, with a mortgage of 6 percent, I’d make monthly payments, pay insurance and taxes, and make repairs for 50 years.
Equity in a home is one of the most overrated things of all time. Unless you plan on selling it you can't tap into it without going into more debt.
Eventually you pay it off but most people in the market for a home don't intend on working for 50 more years.
Posted on 11/10/25 at 9:09 pm to cbree88
quote:
No they wouldn’t because it’s illegal for them to do that right now.
How popular are the 40yr qualified ones? Who’s asking for more of those? No one.
Posted on 11/10/25 at 9:12 pm to Pintail
quote:
2,600 in equity over three years $4,500 over 5 years
How do you ppl.come up with this math
If the home goes up 3% they would have 37k in "equtity" and if you add the principle paid which isnt really equity its 42k
Posted on 11/10/25 at 9:16 pm to cbree88
It’s a form of rent control essentially.
Posted on 11/10/25 at 9:18 pm to Powerman
I see that you are still online - Waiting for your answer
Posted on 11/10/25 at 9:19 pm to SDVTiger
quote:
If the home goes up 3% they would have 37k in "equtity" and if you add the principle paid which isnt really equity its 42k
You really questioning my math with that math?
$37k on $250k is almost 15%
Quick google search can find you an amortization calculator. 50 years won’t be a winning proposition for people that need a 50 year mortgage.
This post was edited on 11/10/25 at 9:24 pm
Posted on 11/10/25 at 9:23 pm to UltimaParadox
quote:
50 year mortgage is great for the banks...
The only way the government does anything to benefit its citizens is if the citizens had lobbyist in DC lobbying the politicians.
They are probably banking on a certain percentage of the 50 year mortgage holders will kick the bucket before they pay it off. Then it goes to the bank so for some people it will sort of like renting.
Posted on 11/10/25 at 9:23 pm to Pintail
Yeah its obvious you cant do math
3% per year on 250k is how much? 7500
Times that by 5 and get back to us. Your phone has a calculator to help you
3% per year on 250k is how much? 7500
Times that by 5 and get back to us. Your phone has a calculator to help you
Posted on 11/10/25 at 9:25 pm to UltimaParadox
quote:
50 year mortgage is great for the banks...
So is a 30yr. Yet everyone brags about their rate on one
Posted on 11/10/25 at 9:26 pm to cbree88
YOU WILL OWN NOTHING AND BE HAPPY
Posted on 11/10/25 at 9:30 pm to cbree88
The kind of people who would need a 50 year mortgage are going to be the ones who end up in a bad financial spot when any expensive maintenance or repair items come up.
If they couldn’t afford the house without stretching the mortgage over 50 years, do you really think they’ll be able to afford a new AC unit? What about when their roof is at the end of its life and they need a $15K roof replacement? Or when they have storm damage and have to come up with $10K for their hurricane deductible?
They won’t build any real equity for 10-15 years. If they dont have any equity built up, then they can’t tap into that to help finance big ticket repairs. So are they going to put it on credit cards and get eaten alive by CC interest rates?
If they couldn’t afford the house without stretching the mortgage over 50 years, do you really think they’ll be able to afford a new AC unit? What about when their roof is at the end of its life and they need a $15K roof replacement? Or when they have storm damage and have to come up with $10K for their hurricane deductible?
They won’t build any real equity for 10-15 years. If they dont have any equity built up, then they can’t tap into that to help finance big ticket repairs. So are they going to put it on credit cards and get eaten alive by CC interest rates?
Posted on 11/10/25 at 9:35 pm to SDVTiger
quote:
Yeah its obvious you cant do math 3% per year on 250k is how much? 7500 Times that by 5 and get back to us. Your phone has a calculator to help you
Oh so banking on appreciation. Good luck finding a market where lower value homes are increasing that much.
And when it goes the other way now what?
The 50 year mortgage isn’t targeting those who buy homes in highly sought after areas.
This post was edited on 11/10/25 at 9:43 pm
Posted on 11/10/25 at 9:38 pm to billjamin
quote:
How popular are the 40yr qualified ones? Who’s asking for more of those? No one.
Those are only intended for farmers. You can’t give those to regular consumers under normal circumstances.
I’ve given a solid rebuttal to everything you’ve said so far, but I’m guessing you will remain unconvinced anyway.
This post was edited on 11/10/25 at 9:40 pm
Posted on 11/10/25 at 9:39 pm to Obtuse1
quote:
If it comes to pass, economically savvy and stable people will use them to build more wealth
I feel like this effect will be fairly minimal, if it would even exist at all.
You aren't building equity through paying down principal for a substantially longer time vs a 30 year. Also your cashflow isn't gonna be all that much better given that a 50 year will likely command a higher interest rate vs a 30 year.
Seems like the complimentary increase in home prices will wash out any affordability "gains" there might be.
Page 5 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News